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Brief

How Revolutionary Were President Biden’s Budget Proposals?

C. Eugene Steuerle, Alexander Carther
December 16, 2021
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Abstract

President Biden’s fiscal year 2022 budget proposals were big and diffuse. They, and much of what Congress has considered since then, would also often be temporary. Despite once-in-a-generation policy changes, the real growth in federal spending that either administration or congressional proposals would foster pales relative to that caused by a few years of economic growth, the past adoption of Medicare by itself, or the future growth already built in existing programs through decisions by past Congresses. On the tax side, the Biden proposals would largely continue a modern tug-of-war involving tax cuts mainly when Republicans succeed to the Office of the President and offsetting tax increases when Democrats win.

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Meet the Experts

  • C. Eugene Steuerle
    Institute Fellow and Richard B. Fisher Chair
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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  • © Urban Institute, Brookings Institution, and individual authors, 2022.